Neutrality is qualitative characteristic requires that financial information should not influence decision making to achieve a predetermined result. The trait of neutrality is frequently referred to as objectivity or freedom from bias. When creating or implementing standards, the relevance and veracity of the information that arises should be the main consideration, not how the new norm may affect a certain interest or user (s).
Accounting facts and accounting procedures should be independently assessed and reported without any explicit bias toward any particular user or user group. It cannot be stated that accounting information reported favors one set of interests over another if there is no bias in the selection of that information. It is because that is what the data indicates.
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Answer: The break even point in dollars is $2,000,000.
We calculate the break even point (BEP) in dollars as follows:
We calculate Contribution Margin ratio as :
Substituting the Contribution Margin Ratio in the break even point formula we get,
BEP = $2,000,000
Answer:
The correct answer is A) inconsistent reasoning; saving $20 is saving $20.
Explanation:
Tony is making an uninformed decision or more strictly, his reasoning is inconsistent. A flat discount of $20 is applicable to all products. Whether he buys something that is worth $50 or $500, his savings would still be the same.
All other options are wrong. If e.g. he this was a flat 20% discount, his savings would have been much different. e.g. 20% of $50 is $10 while it equals to a $100 for a $500 product.
At this point, he would have to make rational decision on what he really needs to buy.
One benefit of on-site day care services for employees is that <u>Employees can visit their children during the day</u>
<h3>What is On-Site Day Care Services for Employees ?</h3>
On-site daycare services for employees means there are specialized daycare facilities for the children of employees near to the place where they work or within it during day hours, this type of services have multiple advantages for employees that include not worrying about looking for other daycare services and spending more time with children.
Indeed in most cases, employees are allowed to spend lunchtime and other breaks with children, also, once day work is over they can immediately see their kids.
Thus, one benefit of on-site daycare services for employees is that "Employees can visit their children during the day".
Therefore, we can conclude that the correct option is D.
Learn more about Employee on:
brainly.com/question/15648603
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Answer:
For now, it is better to keep producing in house. If demand increases, Pottery Ranch must outsource some of the production.
Explanation:
Giving the following information:
The variable manufacturing overhead is charged to production at a rate of 63% of direct labor cost. The direct materials and direct labor cost per unit to make a pair of finials are $3.51 and $4.73, respectively. Normal production is 28,300 curtain rods per year.
A supplier offers to make a pair of finials for $13.20 per unit.
Fixed costs are a sunk cost, therefore it is not taken into account.
Make in house:
Unitary cost= 3.51 + 4.73 + (4.73*0.63)= $11,22
Outsource:
Unitary cost= 13.20
For now, it is better to keep producing in house. If demand increases, Pottery Ranch must outsource some of the production.
